ACE/Security Laminates Corporation Announces its Second Quarter Results.

OTTAWA -- ACE/Security Laminates(TM) Corporation (the "Corporation" or "ACE") (TSX VENTURE:ASL) has announced its results for its second quarter ended March 31, 2005.

Total revenues recorded for the three month period ended March 31, 2005 amounted to $1,839,909 compared to $638,575 for the same period in 2004, an increase in excess of 180%. Furthermore, sales in the current quarter have increased by 41% over the previous quarter. The gross profit margin for the three month period ending March 31, 2005 was 36% versus 55% for the same period in 2004.Reduced margins are a company strategy to increase market share at the expense of gross margin. ACE management does not believe that this strategy would be sustained in the long term.ACE's operating expenses for the three month period ending March 31, 2005 have increased by $600,000 versus the same period in 2004. The year to date expenses compared to year to date expenses in 2004 have increased by $725,000. The main increases for the current quarter compared to the same quarter last year are salaries have increased by $275,000 primarily attributable to the addition of new sales and marketing staff, increases in professional fees of $114,000 are primarily related to accounting and auditing services, insurance costs have increased by $32,000 relating to directors and officers liability insurance and selling expenses increased by $24,000 relating to additional marketing and related travel.

As announced earlier, ACE entered into a strategic agreement in March, 2005 with Belron Canada (owners of Standard Autoglass) nation wide which agreement is now being implemented.Further, ACE is pleased to inform you that the following dealerships have been established during this second quarter: Chicago, Kazakhstan, Ghana, Northern Illinois, and India.ACE also conducted two public demonstrations of its products in India and South Africa, which received both print and TV media coverage.

During the second quarter, ACE was a participant at a major glass show held in Orlando, Florida which took place in February.Likewise ACE participated in a significant retail industry security trade show in New Orleans, Louisiana and another trade show in Montreal, Quebec.

Second Quarter 2005 Overview:

ACE had more than $4.4 million in cash at the end of the second quarter. These resources will assist to continue building its presence in the marketplace.In May ACE aired an infomercial in ten different market segments in the United-States on the educational television series "Pulse on America".At the same time with this infomercial ACE has been featured on the Discovery Channel four times highlighting ACE's security laminates on the TV show "It Takes a Thief", which is broadcast on the FOX TV network.

The Discovery Channel TV Show "Frontiers of Construction", entitled "Protecting America", has now started being aired internationally.As such, ACE has begun to receive inquires for its products from countries such as Brazil, Spain, Argentina, and Chile. These responses support management's business plan that the use of television is a cost effective method to create brand awareness.And because of this awareness, ACE has been awarded to protect another FOX television station (the seventh) within the United States.With over 72 stations, ACE looks forward to continuing to service this important client. Ace respects FOX's request not to disclose the location of the television station.

In order to assist ACE with its financial controls ACE management invested in a sophisticated Microsoft accounting program which will provide ACE with a time sensitive ability to analyze its top and bottom lines on a daily basis. This will give management the capability to concentrate on the profit centres of its business and provide tighter financial controls.

Also in this very busy second quarter ACE has filed for Patent protection under the number: PAT 2777P-2 US

ACE trusts that this will provide the necessary comfort to its shareholders and investors that management is doing its up-most to protect ACE's intellectual property rights.

You are invited to visit http://www.sedar.com to review the Corporation's financial statements and the accompanying management discussion and analysis. ACE/Security Laminates(TM) Corporation specializes in manufacturing and distributing, through a worldwide network of dealers, safety and security window laminating technology. Since 1999, ACE has established a presence in 40 countries.

ACE/Security Laminates(TM) Corporation produces a micro thin polyester laminate that, when applied to glass, protects against baseball bats, crowbars, rocks, fire, Molotov cocktails, bombs, bullets and natural disasters.

This press release includes certain statements that are forward-looking statements. Any statement in this report that is not a statement of historical data may be deemed to be a forward-looking statement. When used in this report the words "believe", "intend", "expect", "estimate" and other similar expressions are generally intended to identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Corporation to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein and accepts no responsibility for the accuracy or adequacy.

ACE/Security Laminates Corporation (TSX VENTURE:ASL)